All Eyes Are on Solana! But the ETF Analyst Revealed: "XRP and This Altcoin Will Get Approved Before SOL!"

Bitcoin and Ethereum spot ETF approval has led to ETF applications for many altcoins such as Solana (SOL), Litecoin (LTC), and XRP. However, although the SEC has evaluated the applications submitted so far, it has postponed making a final decision.

At this point, Bloomberg ETF analyst Eric Balchunas noted that the summer could be the approval season for altcoin ETFs.

Balchunas also argued that Solana could be the first altcoin to receive approval.

Bloomberg analyst stated, "Solana's ( and some basket products are likely to lead, so be prepared for an Altcoin ETF."

At this point, while expectations for SOL in the market continue to grow, ETF Store President Nate Geraci stated that Grayscale's multi-asset fund, which includes XRP and Cardano )ADA(, could receive approval before any Solana ETF.

Nate Geraci stated in a post from his X account that he believes the Grayscale Digital Large Cap )GDLC( Fund may receive approval before the Solana ETFs pending with the US SEC.

Geraci, particularly pointing to XRP and Cardano said, "it's quite clear where all of this is going."

Grayscale's GLDC fund is a basket consisting of Bitcoin )BTC(, Ethereum )ETH(, XRP, Solana )SOL(, and Cardano )ADA(. Notably, the fund stands out for including all five cryptocurrencies listed to be part of the U.S. Strategic Bitcoin Reserve, while the fund is only open to accredited investors.

According to Bloomberg Intelligence data, the approval probability for Solana ETF is set at 90%, for Litecoin it is also 90%, and for XRP it is 85%. Dogecoin follows with an 80% probability; it is estimated that other altcoin ETFs like Cardano, Hedera )HBAR(, and Avalanche )AVAX( have a 75% chance of getting the green light.

Sounds like this may be first in line for approval before spot sol ETFs…

Includes XRP & Cardano.

Pretty clear where this is all heading. pic.twitter.com/zgpUPFKcGI

— Nate Geraci )@NateGeraci( June 12, 2025

*This is not investment advice.

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